I'll share my story with you all to see what you think.
I began working at a wealth management firm 6 months ago and everything is really weird:
-Returns offered to clients are way too high and stable on both main products we offer.
-Product 1 consists on a portfolio based on a fund of bonds and an "automated futures system". This returns around 15% to clients. Fully stable, if a client got offered 5 years ago 14%, he will get paid monthly ALWAYS the same amount to comply with that 14%. Always. AFAIK there are no products on the market that offer these kind of returns with that stability, not even close.
-Product 2 are individual trading operations. Partner justifies them internally as using privileged information. That in itself is a crime, but I even doubt that those operations are real to begin with. They usually entail traded companies from multiple sectors that are undertaking a new shares issuing. He explained to me once that what he did was buying in bulk to existing shareholders, then selling in a few days, then buying again somewhere in the middle of the shares issuing. This allegedly generates around 50% return per operation and clients get offered from 20% to 35%. I still need to do more research on this, but those kind of returns I believe would only be possible using a lot of leverage, and typically those companies aren't that liquid.
-Actual investment account are kept offshore and partner doesn't share any information about them. In onshore bank accounts always previous investors get paid with new ones. Have not yet found traces of international transfers, although I´ve checked 6 months. I'm working on it.
-Tax fraud is a given, accounting is all made up, we use more than 30 companies onshore so that none gets big enough and when trouble comes you close it quickly not paying tax debts. Partner is also insolvent, and pays no tax despite spending half a million a year in a poor country.
Report it and get the fuck out of there before someone else does.
Alexander Thompson
You think?
Yeah kiddo, its a ponzi
>15%
Lmao
Gavin Ramirez
This isn´t the US but I don´t discard reporting to the SEC equivalent here.
Blake Jackson
most likely washing money for some cartel, not even kidding
Levi Sanders
Better yet, blackmail them for a higher bonus then report to sec.
Connor Hughes
Contact FBI, wear a wire. You don't want to get prison time for knowingly participating in a criminal operation.
Daniel Diaz
That would be real activity at least lol
Hunter Perry
I don't discard doing it, but for now I'll try analyzing month to month onshore operations, which is what I have access to. There has to be a connection from onshore to offshore, to start.
Zachary Morales
could also be other things, i thought you were burger... so where is it? europe, dubai and singapore could also be terror/political money. australia chinese wealth taking out
Justin Thomas
I don´t think it´s that. Clients are old people with savings. Not even one knows about financial markets. Any profits we make are not kept onshore and nothing is reported to tax authorities, neither clients profits nor ours. Washing money AFAIK entails passing money as profits from a legal business, here this is not the case. Country is poor-mid tier european country.
Matthew Reyes
That's how you get killed
Isaiah Ramirez
... Julis Bär, Switzerland used that exact same method to wash Venezuelan money using offshore accounts in the Cayman Islands...
It might not be in your case, but trust me, i know a little bit about it.
Jayden Sanchez
Explain then. I am investigating what I can now. I have access to almost all onshore companies and a lot of information in general.
Offshore is located in HongKong, Malta, Cayman Islands, Switzerland and UK. But I have limited information and no acess to bank accounts.
This. 15% exactly aligns with my real world experience in money laundering.
Julian Hall
Start looking for an other job asap.
When you have an other job contact your authorities.
Where are you from? (Not exact location but more like in EU or not)
Carter Williams
EU. Poor to mid tier country, not eastern.
Caleb Smith
But I don´t get how in this operation they launder money.
Henry Hall
>how in this operation they launder money
See: >Actual investment account are kept offshore and partner doesn't share any information about them. In onshore bank accounts always previous investors get paid with new ones >Offshore is located in HongKong, Malta, Cayman Islands, Switzerland and UK. But I have limited information and no acess to bank accounts.
Charles Long
You would need to see how the money flows, which companies are involved and whatever. I highly doubt you will have access to see all that.
What you always could do is an anonymous report (make sure to destroy absolutely everything that could lead towards you).
Picture is the Organigram of Julius Bär to evade swiss taxes and launder money which got leaked.
If you care about money keep the job nothing will happen to you, but if you wish to run similar business investigate more get close, they might be working with asian companies that launder money with casinos just an idea
Blake Bailey
Bernie Madoff laundered money for the Russian and Venezuelan mafia. The government thinks the money is from capital gains instead of whatever illicit means they used to acquire it.
Jackson Smith
I have all onshore money movements. I know there are more sensible files, that I'll try to acess in the following weeks.
Jordan Wood
Why don't you just gtfo of there? I would be nervous as hell about all of this.
Jaxon Walker
First get an other job asp. Make sure you don't leave a paper trace in the meantime. Don't do stuff that is illegal. Remove any reference to your previous job.
If you secured the other job then report the companies - to your tax authority - to the law - to a journalist financial investigation platform
If you expose beforehand you risk being unemployed with a toxic resume.
Dylan Nelson
BTW I haven't mention this but I think it's important.
An important chunk of clients, think like 20 to 20%, are police agents. Dudes that don´t earn much, have zero financial knowledge but move quite big sums of money.
Brayden Morris
Report the scammers to the SEC for whistleblower awards:
Make sure you gather some evidence (recordings) too.
Brody White
No SEC here buddy.
Samuel Moore
Report them. It's the only right thing to do. I don't want to sound like too much of a moralfag but think of all the victims and potential victims.
Jace Hill
never understood why scamming people is a criminal offense, if you get scammed its your own fault for being a dumb fuck.
James Long
>here Where exactly?
Grayson Gonzalez
>An important chunk of clients, think like 20 to 20%, are police agents. ok, so you'll have to be extremely cautious when reporting them, especially with you live in a mafia-ridden place like Italy or Spain. Do it anonymously.
Luke Campbell
You know entirely too much about the (implausible) internal activities of a wealth management firm, without being a principle, not a wage earner. So I don't believe a word - this is the usual kind of shitpost /biz gets when the scamcoins are going sideways. It's this, or fake posts about girlfriends not buying crypto.
Dylan Gonzalez
Whatever you say dude
Lincoln Carter
Nice retort, faggot. Make up shit better.
Sebastian Brown
I hope youre posting with a VPN you have given enough info to have them know there's a leaker. R.I.P OP better get a gun (in the black market since you have no rights in EU kek) and start looking over your shoulder and setting cameras in your apartment. Also make a will and set some dead man triggers so that when you get killed your family knows who did it and goes to the police. The chances of your company laundering money for cartels and pedo rings is high.
OP goes to report this >1. if it involves government/political corruption he becomes another number in his country's version of #ClintonBodyCount and gets suicided with 2 bullets in the back of his head >2. if it involves cartel money, he gets disappeared >3. if it's just a Madoff type of ponzi he will probably only get his legs broken by some paid thugs to keep him quiet
OP doesn't go to report this >goes to jail for being an accomplice
They hired you because they thought you were too dumb to figure it out or easily bribed. surprise them.
Chase Mitchell
This is a classic ponzi scheme, not madoff. Now it's like planting, when the voice spreads and audience becomes too big your boss will run away with money.
Lucas James
If this is real, then anyone holding Bitcoin will be rich as fuck.
>police agents sounds like drug and human trafficking money being washed. If it is Eastern Europe just keep cool and play along or you might end up in a ditch together with your family. If you don't want to be involved score other job and quit. Don't make them suspicious or it will be the ditch with your family
Gabriel Wilson
You're in a tough spot here OP. Best thing you can do is switch jobs report it after any suspicion it was you dies down
Adrian Brown
that's only a matter of time anyhow
Juan Adams
This guy gets it Gonna make it bruh
Gabriel Carter
Don't report it.
The world already has far too much anti semitism.
Just let them do their thing.
Kayden Long
If scamming people reaches high enough level (and it can easily do that because humans are naive greedy idiots),then banks,governments,insurance houses,and by definition the average joe all get fucked Bernie Madoff is a good example
You imbecile
Sebastian Scott
Not america so who cares
Christopher Parker
Could be cartel money laundering as well. Even HSBC does that shit.
Nicholas Campbell
>In onshore bank accounts always previous investors get paid with new ones this is the definition of a ponzi scheme. and 15% interest is WAY to high to be a stable return without being in illegal activities or running a monopoly
Ryder Reed
OP you need to go full operational security, encrypted drive if you have ANY data from the company on your personal machine
beyond that, personally, if i had enough information i'd report. if it's just a hunch though an audit could cause them to cover everything up and restructure -- back to ground zero
Jayden Murphy
Why so he can make up more shit to make millions off hedge fund shorting?
Henry Flores
This. If you're a whistle blower, you get a hefty percent of whatever is recovered. Could be millions of $$$
Grayson Roberts
>just report them after you quit Good way to get yourself tortured to death
Ryan Richardson
yeah quit your job and report them anonymously they'll never figure it out lmao.
Don't listen to people from this site who's only experience is movies. Stay safe
Owen Hall
>I began working at a wealth management firm 6 months ago and everything is really weird: -Returns offered to clients are way too high and stable on both main products we offer.
Last 6 mos. were a good run
>-Product 1 consists on a portfolio based on a fund of bonds and an "automated futures system". This returns around 15% to clients.
Thats legit. If the clients don't like the ROR then they can invest in Grandma's cookies.
> buying in bulk to existing shareholders, then selling in a few days, then buying again somewhere in the middle of the shares issuing.
Thats just the nature of bundling. They're looking for liquidity, the middleman takes a commission.
>-Actual investment account are kept offshore and partner doesn't share any information about them
Good security practices.
>-Tax fraud is a given, accounting is all made up, we use more than 30 companies onshore so that none gets big enough and when trouble comes you close it quickly not paying tax debts.
Those are tax shelters and not illegal.
>Partner is also insolvent, and pays no tax despite spending half a million a year in a poor country.
Hi op, this is not a scam, it's laundering. Odds are there's enough money moving around that you're dealing with psycopaths who will gut you if you say anything. Make sure your ass isn't on the line for any serous paperwork and just keep getting paid or get out after finding a better job and say nothing.
Luis Bennett
this fucking biz trying to get op killed
William Wood
you're a patsy. you will be in jail, while your boss sips mojitos in the bahamas.
report all your findings to the irs and maybe they'll give you a reward. stay hidden tho.
Jordan Wood
he's not in the US. murder is really really easy in other countries.
Luis Mitchell
fraud is bad. there, does that help? don't you want to be protected from fraudulent businesses?
David Foster
>he's not in the US. >murder is really really easy in other countries. >google 'countries by intentional homicide rate' >No EU/European nations have murder rate higher than Burgerland Fuckin happy to be in the first world away from third world nations in the top 100
Thomas Adams
OP here guys. I'm reading all your comments, some are very helpful. I will continue working on this when I get home.
